Trump Admin Eyes Bitcoin Regulation As Value Continues to Rise

The Trump administration, through Press Secretary Sarah Huckabee Sanders, is telegraphing that they are looking hard at Bitcoin and may consider regulating the currency. This comes as little surprise to even the casual observer.

The move might, on one hand, boost Bitcoin for those holding it right now, as it gains “legitimacy” through regulation, but it will also further open the door for rising “anonymous” cryptocurrencies that offer many of the early adapters of Bitcoin what drew them to the cryptocurrency in the first place, freedom from the prying eyes of the state.

The success of Bitcoin has finally convinced major financial institutions to come on board, but such success also brings a great deal of scrutiny. In a recent press conference, White House Press Secretary Sarah Huckabee Sanders said that the Trump administration is monitoring Bitcoin and may consider regulating it.

FEDS WATCHING BITCOIN

During the daily press briefing in the White House, Press Secretary Sarah Huckabee Sanders was asked by a reporter about President Trump’s views on Bitcoin. In her reply, she said:

I know this is something that is being monitored by our team here. In terms of specific briefings and announcements on it, I don’t have anything that I can share with you right now but would be happy to follow back up with you.

Sanders was then asked about this Bitcoin monitoring, to which she said:

I know this is something that is being monitored by our team here. In terms of specific briefings and announcements on it, I don’t have anything that I can share with you right now but would be happy to follow back up with you.

Paul Gordon is the publisher and editor of iState.TV. He has published and edited newspapers, poetry magazines and online weekly magazines.
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